Marshall: transition disclosures under IFRS 16 Leases

As the first full year reporting deadline for IFRS 16 Leases approaches, Andrew Marshall FCA, senior technical partner at KPMG, sets out the key issues to consider when finalising accounts

As we head into the next reporting season, the one area of disclosure that many investors and other readers of financial statements will have their eyes out for will be the disclosure surrounding the impact of the adoption of IFRS 16 Leases.

For some the preparation of the disclosure will be a challenge. This article highlights some of the key areas to think about as you pull those disclosures together.

Let’s start with the basics that will apply to everyone. Stakeholders and regulators will expect a clear disclosure of the following:

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